U.S. President Barack Obama has delayed a military strike against Syria by requesting authorization first from an incredulous Congress, a decision that may take no less than 10 days to be given. As Obama said, in a hastily organized appearance in the Rose Garden, "I’m prepared to give that order, but having made my decision as commander in chief based on what I am convinced is our national security interests, I’m also mindful that I’m the president of the world’s oldest constitutional democracy.” According to John Boehner, the Republican speaker of the House of Representatives, “we expect the House to consider a measure the week of September 9.″https://support.fxcc.com/email/technical/02092013

Upwards scenario: Possible retracement action is limited now to the next resistive measure at 1.3226 (R1). Clearance here is required to enable our interim target at 1.3248 (R2) en route to final aim at 1.3270 (R3). Downwards scenario: The downside direction remains favored according to the technical indicators. Our next support measure lies at 1.3174 (S1). Decline below it would enable lower targets at 1.3152 (S2) and 1.3130 (S3).

Upwards scenario: While both moving averages are pointing up, medium-term technical outlook would be positive. Appreciation above the resistance at 98.75 (R1) would enable recovery phase towards to next targets at 98.88 (R2) and 99.01 (R3). Downwards scenario: Negative developments might be settled below the important support level at 98.47 (S1). Any price action below it would then be targeting support level at 98.34 (S2) and then final target could be exposed at 98.21 (S3).